I blamed it all on luck, slammed my fist on the table, pushed the chair away and almost threw my laptop out the window. Frustration is the enemy of many poker players, causing them to ignore long-term goals and focus on immediate gratification. Frustration can lead to panic and doubt about one’s ability to win.
The past two days … part 1
I’ve been having a pretty bad run of cards over the past two days. It’s like I’m stuck in a rut and I can’t get out. See I know it’s part of the game, the huge variance, especially when you’re playing on a somewhat limited bankroll (just $15 to start with) but when it hits you it hits you big and you burn through a whole lot of your bankroll in a whole lot less than it took you to build it up in the first place.
The past two weeks
But let me take you a bit back in time. Over the past two weeks that I’ve restarted playing poker I’ve finished ITM (in the money) a good 30% of times. I played 50 tournaments, finishing first 13 times. My gross winning amount was $197. I was happy. I had managed to go from $15 to $95. But the cardinal rule of bankroll management is to not withdraw profits instantly until you’re ready to move up a level. So I kept it there and started playing $5 and $10 heads-up tournaments and shoot-outs.
The past two days … part 2
Then it happened. A massive bad streak of cards. River after river put me from favourite to loser and I quickly burnt through $50 to fall back to $40 in two days. That’s more than half my bankroll. I blamed it all on luck, slammed my fist on the table, pushed the chair away and almost threw my laptop out the window.
“What the fuck??” I screamed. “What the hell is this player doing??” Over and over again I replayed the hands in my head and every time I saw myself winning that heads-up shootout as opposed to what had actually happened: I got gunned down on the river and lost all my chips to a lucky draw. “The idiot kept calling and calling. Fuckin call station. How the hell can I win if players can’t even look at the board and put me on a fuckin hand?” I stormed and steamed and found little comfort in the hands of my girlfriend who kept insisting I was just on a bad luck streak.
A clearer head
Now today I got a book from play.com. It’s called ‘Earn $30,000 per month playing Online Poker’. I didn’t really believe the $30,000 part because that heavily depends on what limits you’re playing, but the reviews were good. As soon as I got it I had lost a big hand to a lucky draw (yet again) and I had to find something to immerse myself in. I flipped a couple of pages and there it was, one of the first few articles. It was entitled (as if the author Ryan Wiseman knew what I was going through) ‘I Got Rivered’. It was the first article I read from that book. And there’s these two sentences that really struck me deep: “Frustration is the enemy of many poker players, causing them to ignore long-term goals and focus on immediate gratification. Frustration can lead to panic and doubt about one’s ability to win.”
Now I could see it. What had happened?
The problem
What happened to me was that the bad run of cards had struck me hard, eating at my bankroll one lucky river after another. Heads-up tournaments are a monster, you either win all or lose all and a bad run of cards can really take the fight out of you. My problem was this: I was trying to stick it back to Lady Luck (whoever that is). I was calling everything, with sub-standard hands. Hands I used to fold when I was running good where now good enough hands to call a pre-flop raise with. I know, it’s stupid, but it happens to the best of us.
So what was a bad situation suddenly got worse and my bankroll took a big hit. What’s worse is that I went against the cardinal rule of bankroll management: When you’re losing drop down a level until you’re back to a comfortable level. What I did instead was, I moved UP a level hoping I hit big and get back the money I lost. This obviously didn’t happen because I was playing badly and I lost more.
The solution?
I don’t know if this is the solution but it probably is my best plan right now.
1. My bankroll has taken a big hit and I’m feeling the pain. I need to better manage my bankroll from now on keeping track of what’s happening and not letting anything deviate me from that plan.
2. Every day is a new day. I will put my losses behind me and play as if I’m winning. Confidence and patience is key and I can’t let my losses influence me in future games as much as I can’t let a big win influence my decision making in other games. Every game is a different game and I have to approach it as if my life hangs on the outcome of that one game.
3. I will stop when I’m taking a beating. What usually happens is that when you lose one, you play another one instantly to win the money back. The problem with this is that you will probably lose that game too since you’re playing worse now, more reckless… gambling. I can’t let that happen to me again.
4. Bankroll management. See 1.
5. Bankroll management. Just in case.
How losing affects your decision making
I’m in an SNG and I pick up Qd Js. I raise pre-flop on the SB after everyone folds and the BB calls. So now I’m in first position with a slightly marginal hand. The flop comes 9c Jd 7d. I make the pair of jacks and check. The BB bets half the pot and I call. The turn comes an [9c Jd 7d] 8d. I check, my opponent bets half the pot, I push over the top and he insta-calls. He flips over Td 7c. I’m happy I got the better hand. The river comes another 7h and I’m out. I look in disbelief at the monitor as my opponent sets the Sevens and I close the table. But not before I jotted down the hand so I can write it in this post under ‘Bad Beat Stories’.
Now I’m looking at the hand and I’m thinking What the hell was I doing?!. First I check the flop with top pair instead of opening myself. I let my opponent put the decision on me, but not being in a good state of mind I wasn’t really making any decisions so I call putting him on a 7. Hey I was right… so far. Then the turn an 8 of diamonds. I check my opponent bets half-pot. PAUSE. FOLD!! All the red lights and alarms should have been blaring in my head. 1. Straight possibilities 2. Flush possibilities 3. Two pairs 4. Pocket over-pairs … I didn’t even see he already had the straight!! I thought I was ahead even after we flipped over the cards!
I thought this was a bad beat story for my blog. I thought he had sucked out on the river with just two outs. Instead I should file this under bad fuckin play and go cry in a corner. But I won’t let these hands ruin my game. Tomorrow’s another day.
Until next time,
Good Luck and Good Skill
deBulletMan